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11 05, 2023

What is the meaning of Vehicle Class in Auto Insurance

2023-05-11T05:01:47+00:00May 11, 2023|Insurance|0 Comments

| ByWinsurtech

The importance of having auto insurance cannot be overstated. In the event of an accident, theft, or other damage to your car, it offers financial protection. The vehicle class is one of the elements that affect how much auto insurance costs. We'll go through what vehicle [...]

9 05, 2023

How to Generate QR code for Object Record Page

2023-05-09T05:46:05+00:00May 9, 2023|Salesforce|0 Comments

| ByAyush Sharma

Create a formula field on the record page. Add the given below formula in Formula Options IMAGE('https://chart.googleapis.com/chart?chs=250x250&cht=qr&chl='+ AccountId ,'test') Add this field to the page layout. Now Scan the QR code , we will get the record Id

5 05, 2023


2023-05-05T05:33:03+00:00May 5, 2023|ACORD AL3|0 Comments

| ByWinsurtech

What is a Supplementary Acord Form? Acord Forms attached to the main Acord application are labeled supplementary Acord Forms. Depending on the scenario, these forms might be linked to a Personal or a Commercial application. These supplemental forms might contain details about anything additional not mentioned [...]

1 05, 2023

What is the Full form of LOB

2023-05-01T04:44:55+00:00May 1, 2023|Insurance|0 Comments

| ByWinsurtech

LOB generally means Line Of Business which defines the type of insurance for the policy. It is the general classification of business used by several companies. In Insurance, it can be defined as Fire, Home, Flood, Personal, etc. Some of the major LOBs are:- AUTOP- Personal [...]

27 04, 2023

What does a Binder mean

2023-04-27T04:40:47+00:00April 27, 2023|Insurance|0 Comments

| ByWinsurtech

Binders A Binder is like a temporary contract of insurance for a short period until the policy is issued and the insured gets the certificate of insurance. As per the definition of IRMI (International Risk Management Institute), Binder is a legal document that is issued by [...]

25 04, 2023

What is the use of the 5AOI and 9AOI groups in AL3

2023-04-25T12:22:20+00:00April 25, 2023|ACORD AL3|0 Comments

| ByWinsurtech

5AOI: The Additional/Other interest is a joint group used to contain information relating to persons or parties other than the insured who have an interest during this policy for one reason or another. there's a code that describes the nature of the interest as being [...]

19 04, 2023

Solutions to convert AL3 files to JSON

2023-04-25T12:22:52+00:00April 19, 2023|ACORD AL3|0 Comments

| ByWinsurtech

Winsurtech Web Viewer is one of the software which can be used to open AL3 files and see the data visually. You can access the AL3 Web Viewer here: https://al3viewer.winsurtech.com/. It lets you search the data as well on keywords and download the AL3 data [...]

17 04, 2023

What Are Defense Costs in Insurance

2023-04-25T12:23:10+00:00April 17, 2023|Insurance|0 Comments

| ByWinsurtech

What are defense costs in insurance and are they paid separately from the limit of liability? What is post-judgment interest? Defense Costs in insurance mean any type of fees, costs, and expenses incurred by or on behalf of the insurance holder in the investigation, defense, [...]

12 04, 2023

What is the purpose of carrier questions in an ACORD form

2023-04-25T12:23:31+00:00April 12, 2023|ACORD AL3|0 Comments

| ByWinsurtech

ACORD Forms ACORD forms are used in the insurance industry to standardize the collection of information for insurance applications, quotes, and policies. Carrier questions are a section of the ACORD form that is designed to provide insurers with information about the applicant's current or previous [...]

10 04, 2023

Purpose of Insurance Certificates (ACORD 25 and others)

2023-04-25T12:23:54+00:00April 10, 2023|ACORD AL3, Insurance|0 Comments

| ByWinsurtech

Certificates of Insurance A Certificate of Insurance is a complete and defined document that includes all the important information about an insurance policy. It could be used, for instance, to demonstrate the policy's current status, coverage specifics, risk exposure, and third-party liability protection. You receive [...]

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